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L.N. Revathy

Plans to add more dedicated machining lines

Coimbatore , Oct. 29

Sakthi Auto Components Ltd (SACL) is upbeat about the market prospects. The company, a subsidiary of Sakthi Sugars, is confident of doubling its export turnover from the current level of Rs 3 crore a month to about Rs 6 crore to Rs 8 crore from next year.

"We are confident of achieving these targets considering the rising demand for auto components, both from new and existing clients," Mr M. Manickam, Vice-Chairman and Managing Director of Sakthi Sugars, told Business Line.

Expansion Plan

The company has already added about 85,000 sq.ft of machining space to meet the rising requirement. It has proposed to add more dedicated lines to the existing 12. "This would strengthen our capacity expansion plan and meet the export requirement," Mr Manickam said.

SACL supplies safety critical items such as brake drums and steering knuckles to Maruti, Hyundai, Honda and Delphi, among others. Reverting to Sakthi Sugars, he said the overall performance was `comfortable' during the first quarter of the current fiscal.

The company has, after a gap of 9 years, resolved to declare a dividend of 15 per cent. "The total outgo on this account would be about Rs 5.25 crore," Mr Manickam said and added that the expansion projects — both cogeneration and enhancement of sugar crushing capacity — were on schedule. The sugar major has drawn up a roadmap for enhancing its total installed sugar crushing capacity to 18,500 tonnes per day.

More Stories on : Outlook | Automobile Components

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